SOLBTC.P trade ideas
SOLBTC - Long - Potential 43.89%SOLBTC - Long - Potential 43.89%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone: 0.00080623 - 0.00089780
Take-Profit Targets:
1) 0.00093893
2) 0.00105946
3) 0.00128838
Stop Targets:
1) 0.00069785
Entry Trigger- Tokenised Stock Launch on Solana Blockchain. Bullish news.
SOL still has some way to go before going back upWe are in a mini bear market, $btc is not doing well and looks to keep going down for a few more days, this will inevitably bring all the altcoins down with it, $sol is no different.
But there are other factors at play here, the #rsi is still very high and needs to come down before the price goes back up.
So, I see a period of consolidation.
If we break the downtrend then we should see 0.0013 in the next 20 days or so ... with a wave going up and then down.
If we have a total break of #btc then we will probably break down for further lows
LONGS ON SOLBTC AGAIN.Adding to my portfolio is SOLBTC. Previous longs made some huge chunk of profits before the whale crash. Now that we see some recovery, I'm taking longs once more. From a technical perspective, the 0.00095000 level of support is quite holding here and we might see price develop some more into the all-time highs. This is support potentially points to a higher low. This trade should not be overlooked.
Solana vs BitcoinA few entry points you might consider stacking
This is a very risky trade as it requires you to maybe lose 40-50% of your position.
For this reason, its wise to use a small balance to mitigate risk.
The upside is 2-7x short term.
Remember this is against Bitcoin not the US DOLLAR
when u start to trade assets that are outperforming bitcoin u can acquire more bitcoin.